Argentina, Creditors Fail to Reach Deal -- Update

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Nicole Hong, Taos Turner and Matt Day Talks aimed at a last-minute settlement between Argentina and holdout creditors collapsed late Wednesday, and a court-appointed mediator said the country would "imminently" be in default. The likely default would be Argentina's ...

Taiwan's Economy Grows 3.9% in 2Q, Well Above Forecasts

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Fanny Liu and Eva Dou TAIPEI--Taiwan's economy gathered pace in the second quarter, as electronics exports rose, companies stepped up investments and consumers continued to spend. In the three months ended June 30, Taiwan's gross domestic product rose 3.9% ...

Australian Export, Import Price Indexes Fall in 2Q

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By James Glynn SYDNEY--Australia's export price index fell sharply in the second quarter, its biggest quarterly fall since late 2010, due to weaker prices for iron and coal, the country's two biggest exports. The Australian Bureau of Statistics said Thursday ...

China PBOC to Drain $1.8 Billion This Week

TODAY: July 31, 2014 PUB DATE: July 31, 2014

SHANGHAI--China's central bank is set to drain a net 11 billion yuan ($1.8 billion) from the money market this week through its open-market operations, the first time it is withdrawing liquidity after net injections for 11 weeks in a row, ...

Oil Futures Slide; Nymex Drops Below $100/Bbl

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Eric Yep Crude-oil futures extended overnight losses in Asian trade Thursday on bearish U.S. inventory data that sent the U.S. oil benchmark below the $100 a barrel mark. On the New York Mercantile Exchange, light, sweet crude futures for ...

EU Energy Chief Expects Russia to Continue Delivering Gas to Europe

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Andrea Thomas BERLIN--European Energy Commissioner Guenther Oettinger said Thursday he is convinced Russia will continue to deliver gas to Europe despite recent economic sanctions imposed against Moscow, adding that the European Union is well prepared to deal with any ...

French Producer Prices Stabilize in June

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By William Horobin PARIS--French producer prices stabilized in June after five straight months of month-on-month declines, statistics agency Insee said Thursday. France's producer price index was unchanged in June from May as the coking and refining prices rose and the ...

Apple to Cut 200 Jobs at Beats Electronics -- Reports

TODAY: July 31, 2014 PUB DATE: July 31, 2014

Apple will cut about 200 jobs at Beats Electronics LLC after closing its acquisition of the music-streaming service and headphone maker, media reports said. The cuts amount to about 40% of Beats' global workforce, the New York Post reported late ...

Growth Rebound Stokes Fed Debate--3rd Update

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Jon Hilsenrath, Eric Morath and Nick Timiraos Federal Reserve officials delivered a modestly more upbeat assessment of the economy Wednesday amid a second-quarter growth rebound and deepening debate inside the central bank about when to start raising interest rates ...

U.K. Consumers Less Upbeat About Prospects in July

TODAY: July 31, 2014 PUB DATE: July 31, 2014

U.K. consumers were less upbeat about their prospects in July, the first decline in consumer confidence in six months. The U.K. economy continued to grow at a rapid pace in the three months to June, while the rate of unemployment ...

House, Senate Scramble to End Impasse Over Highway Bill

TODAY: July 31, 2014 PUB DATE: July 31, 2014

WASHINGTON--House Republican leaders pushed ahead with their preferred plan on federal highway spending, setting up a Thursday vote designed to force the Senate to accept a $10.8 billion measure funding highway projects through May 2015. The House and Senate have ...

Japan's Auto Exports Falls

TODAY: July 31, 2014 PUB DATE: July 31, 2014

TOKYO--Japan's exports of cars, trucks and buses declined 4.0% on year in June for the seventh consecutive month, the Japan Automobile Manufacturers Association said Thursday. Exports totaled 390,915 vehicles in June, down from 407,317 vehicles in the same month a ...

Swiss National Bank 1st Half Profit Rises

TODAY: July 31, 2014 PUB DATE: July 31, 2014

ZURICH--The Swiss National Bank's first-half interim profit was 16.1 billion Swiss francs ($17.7 billion) thanks to foreign-currency and gold prices. Foreign-currency positions contributed around 12.6 billion francs. There was a "valuation gain" of 3.5 billion francs on gold holdings which ...

Germany's Unemployment Lines Shrink in July

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Emese Bartha and Monica Houston-Waesch The number of registered jobless fell more than expected in Germany in July, seasonally-adjusted data from the country's labor agency showed Thursday. The number of people out of work in the euro zone's biggest ...

Swiss Competition Authority Ends Swatch Probe

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By Neil Maclucas ZURICH--The Swiss competition authority has ended a probe into Swatch Group AG's (UHR.VX) pricing and delivery of movements and components for lack of evidence that it discriminated against rival watchmakers. The competition body, known as WEKO, Thursday ...

Australian Home-Building Approvals Fall Sharply

TODAY: July 31, 2014 PUB DATE: July 31, 2014

By James Glynn SYDNEY--Australian home building permits fell sharply in June, casting doubt on how well the housing sector will be able to counter weakness in other areas of the economy. Approvals to build or renovate houses and apartments fell ...

BAE SYSTEMS PLC Acquisition

TODAY: July 31, 2014 PUB DATE: July 31, 2014

TIDMBA. RNS Number : 7993N BAE SYSTEMS PLC 31 July 2014 BAE Systems - Proposed acquisition of Signal Innovations Group 31 July 2014 BAE Systems announces it has entered into an agreement for the proposed bolt-on acquisition of Signal Innovations ...

Correction to Taiwan's Economy Grows in 2nd Quarter Story

TODAY: July 31, 2014 PUB DATE: July 31, 2014

"Taiwan's Economy Grows 3.9% in 2Q, Well Above Forecasts," at 0152 GMT, misstated in the headline and second paragraph the increase in gross domestic product in the latest quarter. GDP rose 3.8%, not 3.9% (END) Dow Jones Newswires July 30, ...

Eurocoin Signals July Slowdown in Euro-zone -- Market Talk

TODAY: July 31, 2014 PUB DATE: July 31, 2014

Early evidence suggests July may have marked a pickup in the euro-zone economy, with the PMIs up and confidence resilient. But the Eurocoin measure published by the Bank of Italy and the Centre for Economic Policy Research tells a different ...